As global leaders take cues from Trump’s pro-crypto agenda, firms like Deribit and Nexo are moving operations to the US. Prime Minister Keir Starmer in the UK plans to align crypto regulations with the US, while Australia is likely to entice pro-crypto laws post-election. Major cryptocurrencies to consider include Nexo for its innovative platform, BTC Bull Token for its unique rewards system, Raydium as the leading decentralized exchange on Solana, and Render, which taps into the growing AI market.
World leaders are paying attention as Donald Trump’s pro-crypto policies gain traction across the globe. Recently, for instance, Deribit, a notable options exchange, is setting up operations in the US. They’re not alone. Companies like OKX, Nexo, Wintermute, and DWF Labs are also eyeing a move to American soil – a clear indication that the crypto wave is shifting back to the US.
In the UK, Prime Minister Keir Starmer has signalled a change, indicating that the country will adopt a regulatory framework for cryptocurrencies more aligned with the US than the European Union. This strategic shift underscores a broader acceptance of pro-crypto regulations, reinforcing the notion that the US is leading the charge.
Meanwhile, anticipation surrounds the upcoming election in Australia. Regardless of which party wins—Labor or Liberal—both factions appear to favour more supportive laws for cryptocurrencies. Such movements carry weight due to the US’s economic size, and a push towards deregulation could have widespread positive implications, marking a fresh chapter for the crypto industry at large.
So, what are some recommended cryptos to keep an eye on during this transition?
Nexo has caught the spotlight due to plans for relocating its operations from Switzerland to the US. Known for its user-friendly platform, Nexo taps into both retail and institutional markets, offering yield on crypto assets and a versatile trading experience. The $NEXO token adds enticing perks like discounted fees and enhanced yields based on tier levels, incentivising users to play a larger role in the ecosystem.
Next on the list is BTC Bull Token, which is catching eyes for being the first crypto to reward holders with Bitcoin. Interestingly, despite its meme coin branding, it echoes serious disruptiveness in crypto by linking its value directly to Bitcoin price milestones. With a presale already raising $5.2 million, the upcoming airdrop at $100K could propel its popularity even further but, of course, it’s essential to stay cautious here as hype can swing both ways.
Shifting towards the decentralized exchange scene, Raydium stands out, especially on the Solana blockchain, which boasts remarkable users and trading volumes. Raydium is processing some impressive figures with a whopping $982 million in trading volume recently. Additionally, the introduction of a meme coin launchpad allows easy creation of meme tokens, which could stir fresh demand during vibrant market phases.
On the forefront of AI and decentralised technology, Render is showing promise, positioning itself as the primary marketplace for GPU resources. Render facilitates transactions between GPU owners and AI developers, allowing both parties to optimise resource usage efficiently. With the demand for GPU power skyrocketing, especially amidst AI advancements, Render could tap into immense growth potential.
As with any investment, remember this isn’t financial advice—cryptos can be highly volatile and unpredictable. Thorough research is key before diving into the cryptocurrency market, given its complexities and rapid changes.
